Mizuho Financial Group Inc. plans to set up an investment bank in Saudi Arabia, home to the world’s best-performing stock market this quarter.
Mizuho Corporate Bank Ltd. and Mizuho Securities Co. will establish a joint venture in Riyadh in the first half of next year, two people with direct knowledge of the matter said, declining to be identified before an official announcement. The unit will initially hire about 20 local bankers, and Mizuho is seeking an investment-banking license in the country, they said.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.
We humbly apologize for the inconvenience.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.